Quarterly Financial Information

(1)

Quarterly Financial Information

[105000] Management commentary

... 2

[110000] General information about financial statements

... 18

[210000] Statement of financial position, current/non-current

... 20

[310000] Statement of comprehensive income, profit or loss, by function of expense

... 22

[410000] Statement of comprehensive income, OCI components presented net of tax

... 23

[520000] Statement of cash flows, indirect method

... 25

[610000] Statement of changes in equity - Accumulated Current

... 27

[610000] Statement of changes in equity - Accumulated Previous

... 30

[700000] Informative data about the Statement of financial position

... 33

[700002] Informative data about the Income statement

... 34

[700003] Informative data - Income statement for 12 months

... 35

[800001] Breakdown of credits

... 36

[800003] Annex - Monetary foreign currency position

... 38

[800005] Annex - Distribution of income by product

... 39

[800007] Annex - Financial derivate instruments

... 40

[800100] Notes - Subclassifications of assets, liabilities and equities

... 41

[800200] Notes - Analysis of income and expense

... 45

[800500] Notes - List of notes

... 46

[800600] Notes - List of accounting policies

... 68

(2)

[105000] Management commentary

Management commentary [text block]

TV AZTECA ANNOUNCES 55% GROWTH IN EBITDA

TO Ps.812 MILLION FOR THE THIRD QUARTER OF 2016

—Operating profit increases 131% to Ps.475 million—

—Net sales grew 8% to Ps.3,424 million in the period—

—The company reinvents itself with the most innovative content of broadcast television,

and strengthens its position in the media market in Mexico—

—Consistent with its strategic focus,

it plans to reduce its investment in telecommunications in Colombia—

Mexico City, October 27, 2016—TV Azteca, S.A.B. de C.V. (BMV: AZTECA; Latibex:

XTZA), one of the two largest producers of Spanish-language television programming in the world,

announced today financial results for the third quarter of 2016.

(3)

content and strong reduction strategies expenses resulted in a major expansion of EBITDA for the

period."

“As part of this reinvention, different strategies have been implemented. A year ago we

started a profound cultural change in the company, aimed to renew mindsets, increase productivity

and put the organization in the best conditions to face the challenges of the future," said Mr. Salinas.

"In addition, we have opened our doors to new forms of production, whether co-productions,

strategic partnerships or any other format.”

"We aim to concentrate our efforts on the business of broadcast television in Mexico, which

looks promising. Therefore, we developed a plan to reduce our investment in the

telecommunications business in Colombia as it moves away from our strategic core," added Mr.

Salinas.

Disclosure of nature of business [text block]

TV Azteca, S.A.B. de C.V. (la Compañía) fue adquirida en julio de 1993 por sus accionistas actuales. Las actividades principales de la Compañía y sus subsidiarias (en conjunto el Grupo) incluyen: (i) la transmisión y producción de programas de televisión, (ii) la venta de tiempo de publicidad y (iii) la explotación de una red de fibra óptica en Colombia y Perú.

Las acciones ordinarias de la Compañía (AZTECA.CPO) cotizan en la Bolsa Mexicana de Valores (BMV) y en Latibex, mercado internacional dedicado a las acciones latinoamericanas en Euros, regulado por las leyes vigentes del Mercado de Valores Español. La Compañía es la sociedad tenedora en última instancia del Grupo. La Compañía es una Sociedad Anónima Bursátil de Capital Variable (S.A.B. de C.V.). La duración de la Compañía es de 99 años a partir de 1993 Sus oficinas principales están ubicadas en: Periférico Sur 4121, Colonia Fuentes del Pedregal, C.P. 14141 en México, D.F.

(4)

Disclosure of management's objectives and its strategies for meeting those

objectives [text block]

TV Azteca es uno de los dos productores más importantes de programación en idioma español en el mundo. TV Azteca considera que su capacidad para proporcionar una mezcla diversa de programación de calidad ha sido, y seguirá siendo, uno de los principales factores para mantener y aumentar la popularidad de su programación. TV Azteca se centra en producir y adquirir programación que atraiga a sus diferentes audiencias objetivo. TV Azteca también considera que el desarrollo de identidades separadas para sus canales le ha ayudado a captar una parte importante de la audiencia televisiva mexicana y ha ofrecido a sus anunciantes la oportunidad de ajustar sus anuncios a grupos demográficos específicos.

Con el fin de mantener la alta calidad de su programación, TV Azteca reúne grupos de enfoque y realiza encuestas para evaluar la popularidad esperada de nuevas ideas de programación. TV Azteca utiliza también parte de su tiempo de publicidad no vendido para promocionar de manera agresiva tanto su programación producida internamente como su programación comprada con el fin de crear y mantener el interés de los televidentes.

La compañía construyó con éxito y opera la red de fibra óptica más grande de América Latina, en Colombia. TV Azteca brinda servicios de telecomunicaciones de clase mundial, que impulsan de manera efectiva el bienestar de la población y la productividad en los negocios.

Disclosure of entity's most significant resources, risks and relationships [text block]

(5)

Riesgos Relacionados con las Operaciones de TV Azteca

-TV Azteca se encuentra endeudada y las obligaciones por su endeudamiento y pago de su deuda podrían afectar

adversamente sus operaciones.

-La temporalidad de las operaciones de la compañía afecta los ingresos de ésta y en caso de que los ingresos del cuarto

trimestre sean bajos, podrían tener un impacto negativo en los resultados de operación de TV Azteca.

-Si la compañía pierde uno o más de sus anunciantes clave, puede perder una cantidad importante de sus ingresos. -Los costos de la compañía para producir y adquirir programación pueden incrementarse.

-TV Azteca puede experimentar dificultades de liquidez.

-La compañía puede carecer de la capacidad suficiente para pagar deudas exigibles por cambio de control.

Riesgos Relacionados con la Realización de Operaciones en México

-Si el Peso se devalúa aún más en el futuro respecto al Dólar, será más difícil para TV Azteca pagar su deuda y otras

obligaciones.

-Las fluctuaciones en las tasas de interés y la inflación pueden afectar adversamente las operaciones de TV Azteca. -La situación política en México puede afectar de manera negativa los resultados de operación de TV Azteca.

Riesgos Relacionados con la Industria de los Medios de Comunicación en México

-Un aumento en la popularidad de medios de comunicación alternos a la Televisión Abierta puede afectar adversamente

las operaciones de TV Azteca.

-Las fusiones en diversos sectores económicos pueden dar como resultado un mercado publicitario más concentrado. -Los costos de producción de contenido pueden aumentar cuando el talento artístico emigra a los Estados Unidos.

Riesgos Relacionados con Litigios

-De manera periódica, los litigios que involucran a TV Azteca han dado como resultado, y en el futuro pueden dar como

resultado, el gasto de recursos financieros importantes y atención de la administración a la resolución de dichas controversias.

TV Azteca no puede predecir el resultado de los litigios en que está involucrada

(6)

TV AZTECA ANNOUNCES 55% GROWTH IN EBITDA

TO Ps.812 MILLION FOR THE THIRD QUARTER OF 2016

—Operating profit increases 131% to Ps.475 million—

—Net sales grew 8% to Ps.3,424 million in the period—

—The company reinvents itself with the most innovative content of broadcast television,

and strengthens its position in the media market in Mexico—

—Consistent with its strategic focus,

(7)

Third quarter results

"The process of reinventing TV Azteca with inspiring, agile, innovative formats, of great

quality and close to the audience, resulted in strong demand for advertising on our networks and

higher sales in the quarter," said Benjamin Salinas, CEO of TV Azteca. Meanwhile, company CFO

Esteban Galindez commented: "Higher revenue, together with strict efficiency criteria for generating

content and strong reduction strategies expenses resulted in a major expansion of EBITDA for the

period."

“As part of this reinvention, different strategies have been implemented. A year ago we

started a profound cultural change in the company, aimed to renew mindsets, increase productivity

and put the organization in the best conditions to face the challenges of the future," said Mr. Salinas.

"In addition, we have opened our doors to new forms of production, whether co-productions,

strategic partnerships or any other format.”

"We aim to concentrate our efforts on the business of broadcast television in Mexico, which

looks promising. Therefore, we developed a plan to reduce our investment in the

telecommunications business in Colombia as it moves away from our strategic core," added Mr.

Salinas.

Net sales for the quarter were Ps.3,424 million, 8% higher than the Ps.3,185 million for the

same quarter of last year. Total costs and expenses were Ps.2,612 million, 2% less than the

Ps.2,659 million for the same period last year.

As a result, TV Azteca reported EBITDA of Ps.812 million, 55% above the Ps.525 million

from last year; EBITDA margin for the quarter was 24%, eight percentage points above previous

year. Operating profit increased 131% to Ps.475 million.

The company registered a net loss of Ps.1,906 million, compared to a net loss of Ps.823

million for the same quarter of 2015.

(8)

3Q 2015

3Q 2016

Change

Ps.

%

Net sales

$3,185

$3,424

$239

8%

EBITDA

Operating profit

$525

$206

$812

$475

$287

$269

55%

131%

Net result

$(823)

$(1,906)

$(1,083)

-132%

Net result per CPO

$(0.28)

$(0.64)

$(0.36)

-132%

Figures in millions of pesos.

EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization.

The number of CPOs outstanding as of September 30, 2015 was 2,983 million and as of September 30, 2016 was 2,992 million.

Net sales

Domestic advertising sales grew 3% to Ps.2,743 million, from Ps.2,672 million a year ago, as

a result of the generation of formats that reached millions of people, who constitute primary market

segments for numerous advertisers in Mexico.

In addition, the company registered sales from Azteca America — the company’s

wholly-owned broadcast television network focused on the U.S. Hispanic market — of Ps.353 million this

quarter, a 15% increase compared to Ps.308 million a year ago.

Content sales to other countries were Ps.33 million in the period, from Ps.47 million in the

previous year; revenue for the quarter resulted from the commercialization of the shows Lo Que

(9)

Azteca Comunicaciones Peru had revenue of Ps.83 million, from Ps.62 million a year ago.

The revenue comes from reimbursements from the Peruvian government for payments made by the

company for the construction and maintenance of the Red Dorsal Nacional de Fibra Óptica fiber

optic network in that country.

Costs and expenses

Costs and expenses during the quarter decreased 2% as a result of a 1% reduction in

production, programming, transmission and telecommunication service costs — to Ps.2,237 million,

from Ps.2,258 million in the same period a year ago — together with a 7% reduction in selling and

administrative expenses — to Ps.375 million, compared to Ps.402 million for the previous year.

The reduction in production costs reflects strict budgetary controls, improved production

efficiency and flexible alternative content generation, in which co-productions stand out, which

allows sharing costs with other producers.

Azteca Comunicaciones Colombia reported costs of Ps.281 million in the quarter, compared

to Ps.141 million for the previous year. Costs during the period include rent paid for transmission

towers and space to operate telecommunications nodes, as well as the maintenance and operation

of the network.

Costs related to Azteca Comunicaciones Peru were Ps.51 million in the quarter, in

comparison to Ps.110 million a year ago. The costs are mainly related to the construction of the

fiber-optic network in that country.

The reduction in selling and administrative expenses reflects lower operational, personnel

and travel expenses this quarter.

EBITDA and net results

EBITDA was Ps.812 million, 55% higher than the Ps.525 million for the same period of the

prior year.

(10)

The most significant variations below EBITDA were the following:

A charge of Ps.1,377 million in the line of impairment of assets that reflect the valuation

analysis result of Azteca Comunicaciones Colombia, reflecting the current financial situation of the

company.

An increase in the provision for income tax of Ps.80 million, due to the recognition of deferred

taxes this period.

Growth of Ps.38 million in interest paid due to the exchange rate depreciation effect over the

equivalent in pesos of the company’s debt, denominated is US dollars.

A reduction of Ps.139 million in the exchange result as a consequence of a lesser peso – US

dollar depreciation this quarter, in comparison to the same period of previous year.

TV Azteca registered a net loss of Ps.1,906 million for the quarter, compared to a net loss of

Ps.823 million for the same period a year ago.

Debt

As of September 30, 2016, TV Azteca’s outstanding debt — excluding Ps.1,778 million debt

due in 2069 — was Ps.15,364 million.

The cash and cash equivalents balance at the end of the quarter totaled Ps.3,837 million, 6%

higher from the Ps.3,625 million a year ago. As a result, net debt of the company as of September

30, 2016, excluding debt due in 2069, was Ps.11,527 million at the end of the quarter.

Investment reduction plan in the telecommunications business in Colombia

As reported previously, the Board of TV Azteca asked the CEO for a valuation update and

prospects of its telecommunications investments in South America, in order to clarify the long term

approach of the company.

(11)

level in the future. TV Azteca has recently invested US$40 million in the business, thus, the

additional capitalization required is US$60 million.

The company has alternative uses of cash in order to focus on the business of broadcast

television in Mexico, as well as in meeting future financial obligations.

Derived from this process, TV Azteca intends to invite all shareholders to participate in the

capitalization of Azteca Comunicaciones Colombia privately and through the mechanism that TV

Azteca establishes for this purpose. The participation from shareholders of TV Azteca in the

investment will be up 60% of the telecommunications company, and each shareholder may

participate in the investment in proportion to their share in the capital of TV Azteca, or in a greater

proportion, for the portions of TV Azteca´s shareholders that do not participate in the capitalization,

under the mechanism established for that purpose.

TV Azteca, which has invested US$40 million recently, will remain with a 40% stake.

Servicios TPlay, a company of Grupo Salinas, has expressed its interest to cover any amount of the

investment that will not be covered by the company´s public shareholders.

In November there will be a shareholders' meeting to address the prospects for the

capitalized company, details of its business plan, and sector perspectives, as well as the

implementation of investment mechanism and timing of the process.

Fiber-optic network in Peru

In previous months, Azteca Comunicaciones Perú — a subsidiary of TV Azteca — completed

the deployment of the 13,500 kilometers of the Red Dorsal Nacional de Fibra Óptica of the country.

As previously announced, in December 2013 TV Azteca won a tender to construct and

operate the Red Dorsal Nacional de Fibra Óptica of Peru. The government provided the funds for

both the construction and operation through a 20-year concession, and TV Azteca will

commercialize the telecommunications services in 339 communities.

TV Azteca’s administration is in the process of updating the valuation and perspectives of its

investments in telecommunications in Peru, as previously requested by the Board, in order to

determine its consistency with the strategic definition of the company. Based on this analysis TV

Azteca will formulate a plan of action regarding these investments.

Nine month results

Net sales for the first nine months of 2016 were Ps.9,868 million, 13% higher than the

Ps.8,712 million for the same period of 2015. Total costs and expenses were Ps.7,657 million, 3%

higher than the Ps.7,399 million for the same period of the previous year.

(12)

As a result, TV Azteca reported EBITDA of Ps.2,212 million, 68% higher than the Ps.1,313

million from the first nine months a year ago. EBITDA margin was 22% for the ninth-month period,

seven percentage points above the previous year. Operating profit grew 207% to Ps. 1,233 million.

The most significant variation below EBITDA was a charge of Ps.1,377 million in the

impairment of assets line, as a result of the valuation exercise of Azteca Comunicaciones Colombia.

The company recorded a net loss of Ps.2,995 million, compared to net loss of Ps.2,139

million for the same period of 2015.

9M 2015

9M 2016

Change

Ps.

%

Net sales

$8,712

$9,868

$1,156

13%

EBITDA

Operating profit

$1,313

$401

$2,212

$1,233

$899

$832

68%

207%

Net result

$(2,139)

$(2,995)

$(856)

-40%

Net result per CPO

$(0.72)

$(1.00)

$(0.28)

-40%

(13)

TV Azteca is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include TV Azteca (www.tvazteca.com; www.irtvazteca.com), Azteca US (us.azteca.com), Grupo Elektra (www.elektra.com.mx: www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Totalplay (www.totalplay.com.mx) and Enlace TP (enlacetp.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Other risks that may affect TV Azteca and its subsidiaries are identified in documents sent to securities authorities. Investor Relations: Bruno Rangel Grupo Salinas Tel. +52 (55) 1720-9167 [email protected] Rolando Villarreal

Grupo Elektra S.A.B. de C.V. Tel. +52 (55) 1720-9167 [email protected] Press Relations Luciano Pascoe Grupo Salinas Tel. +52 (55) 1720-1313 ext. 36553 [email protected] Daniel McCosh Grupo Salinas Tel. +52 (55) 1720-0059 [email protected]

Financial position, liquidity and capital resources [text block]

As of September 30, 2016, TV Azteca’s outstanding debt — excluding Ps.1,778 million debt

due in 2069 — was Ps.15,364 million.

(14)

The cash and cash equivalents balance at the end of the quarter totaled Ps.3,837 million, 6% higher

from the Ps.3,625 million a year ago. As a result, net debt of the company as of September 30,

2016, excluding debt due in 2069, was Ps.11,527 million at the end of the quarter.

Internal control [text block]

Disclosure of critical performance measures and indicators that management uses to

evaluate entity's performance against stated objectives [text block]

Third quarter results

Net sales for the quarter were Ps.3,424 million, 8% higher than the Ps.3,185 million for the

same quarter of last year. Total costs and expenses were Ps.2,612 million, 2% less than the

Ps.2,659 million for the same period last year.

(15)

3Q 2015

3Q 2016

Change

Ps.

%

Net sales

$3,185

$3,424

$239

8%

EBITDA

Operating profit

$525

$206

$812

$475

$287

$269

55%

131%

Net result

$(823)

$(1,906)

$(1,083)

-132%

Net result per CPO

$(0.28)

$(0.64)

$(0.36)

-132%

EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization.

The number of CPOs outstanding as of September 30, 2015 was 2,983 million and as of September 30, 2016 was 2,992 million.

Net sales

Domestic advertising sales grew 3% to Ps.2,743 million, from Ps.2,672 million a year ago, as

a result of the generation of formats that reached millions of people, who constitute primary market

segments for numerous advertisers in Mexico.

In addition, the company registered sales from Azteca America — the company’s

wholly-owned broadcast television network focused on the U.S. Hispanic market — of Ps.353 million this

quarter, a 15% increase compared to Ps.308 million a year ago.

Content sales to other countries were Ps.33 million in the period, from Ps.47 million in the

previous year; revenue for the quarter resulted from the commercialization of the shows Lo Que

Callamos las Mujeres in South America, and La Academia Kids in Asia, as well as the sale of TV

Azteca content to pay TV channels in the rest of the world.

Revenue from TV Azteca Guatemala and TV Azteca Honduras was Ps.36 million, in contrast

to Ps.15 million the previous year.

Sales from Azteca Comunicaciones Colombia — derived from telecommunications services

through the fiber-optic network that the company operates in that country — were Ps.176 million,

compared to Ps.81 million for the previous year.

(16)

Azteca Comunicaciones Peru had revenue of Ps.83 million, from Ps.62 million a year ago.

The revenue comes from reimbursements from the Peruvian government for payments made by the

company for the construction and maintenance of the Red Dorsal Nacional de Fibra Óptica fiber

optic network in that country.

Costs and expenses

Costs and expenses during the quarter decreased 2% as a result of a 1% reduction in

production, programming, transmission and telecommunication service costs — to Ps.2,237 million,

from Ps.2,258 million in the same period a year ago — together with a 7% reduction in selling and

administrative expenses — to Ps.375 million, compared to Ps.402 million for the previous year.

The reduction in production costs reflects strict budgetary controls, improved production

efficiency and flexible alternative content generation, in which co-productions stand out, which

allows sharing costs with other producers.

Azteca Comunicaciones Colombia reported costs of Ps.281 million in the quarter, compared

to Ps.141 million for the previous year. Costs during the period include rent paid for transmission

towers and space to operate telecommunications nodes, as well as the maintenance and operation

of the network.

Costs related to Azteca Comunicaciones Peru were Ps.51 million in the quarter, in

comparison to Ps.110 million a year ago. The costs are mainly related to the construction of the

fiber-optic network in that country.

The reduction in selling and administrative expenses reflects lower operational, personnel

and travel expenses this quarter.

(17)

The most significant variations below EBITDA were the following:

A charge of Ps.1,377 million in the line of impairment of assets that reflect the valuation

analysis result of Azteca Comunicaciones Colombia, reflecting the current financial situation of the

company.

An increase in the provision for income tax of Ps.80 million, due to the recognition of deferred

taxes this period.

Growth of Ps.38 million in interest paid due to the exchange rate depreciation effect over the

equivalent in pesos of the company’s debt, denominated is US dollars.

A reduction of Ps.139 million in the exchange result as a consequence of a lesser peso – US

dollar depreciation this quarter, in comparison to the same period of previous year.

TV Azteca registered a net loss of Ps.1,906 million for the quarter, compared to a net loss of Ps.823 million

for the same period a year ago.

(18)

[110000] General information about financial statements

Ticker: AZTECA

Period covered by financial statements: 2016-01-01 al 2016-09-30 Date of end of reporting period: 2016-09-30

Name of reporting entity or other means of identification:

TV AZTECA, S. A. B. DE C. V.

Description of presentation currency: MXN

Level of rounding used in financial statements: Miles de pesos

Consolidated: Yes

Number of quarter: 3

Type of issuer: ICS

Explanation of change in name of reporting entity or other means of identification from end of preceding reporting period:

Description of nature of financial statements:

Disclosure of general information about financial statements [text block]

(19)

(20)

[210000] Statement of financial position, current/non-current

Concept Close Current

Quarter 2016-09-30

Close Previous Exercise 2015-12-31 Statement of financial position [abstract]

Assets [abstract] Current assets [abstract]

Cash and cash equivalents 3,836,303,000 2,938,417,000 Trade and other current receivables 8,796,252,000 7,159,799,000

Current tax assets, current 0 0

Other current financial assets 922,484,000 782,956,000

Current inventories 2,595,701,000 2,749,525,000

Current biological assets 0 0

Other current non-financial assets 0 0

Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners

16,150,740,000 13,630,697,000 Non-current assets or disposal groups classified as held for sale or as held for distribution to owners 0 0 Total current assets 16,150,740,000 13,630,697,000

Non-current assets [abstract]

Trade and other non-current receivables 88,038,000 165,375,000

Current tax assets, non-current 0 0

Non-current inventories 0 0

Non-current biological assets 0 0

Other non-current financial assets 0 0

Investments accounted for using equity method 0 0 Investments in subsidiaries, joint ventures and associates 217,800,000 318,817,000 Property, plant and equipment 3,902,271,000 4,192,455,000

Investment property 0 0

Goodwill 15,922,000 15,922,000

Intangible assets other than goodwill 10,660,626,000 10,122,201,000

Deferred tax assets 2,899,165,000 2,524,283,000

Other non-current non-financial assets 4,075,153,000 5,013,524,000 Total non-current assets 21,858,975,000 22,352,577,000

Total assets 38,009,715,000 35,983,274,000

Equity and liabilities [abstract] Liabilities [abstract]

Current liabilities [abstract]

Trade and other current payables 7,667,340,000 5,728,736,000 Current tax liabilities, current 694,280,000 211,577,000

Other current financial liabilities 0 0

(21)

Concept Close Current Quarter 2016-09-30 Close Previous Exercise 2015-12-31

Other non-current non-financial liabilities 0 0

Non-current provisions [abstract]

Non-current provisions for employee benefits 197,187,000 194,127,000

Other non-current provisions 0 0

Total non-current provisions 197,187,000 194,127,000 Deferred tax liabilities 629,329,000 1,041,151,000 Total non-current liabilities 19,198,430,000 18,350,490,000

Total liabilities 31,968,782,000 27,468,006,000 Equity [abstract] Issued capital 716,457,000 716,428,000 Share premium 207,419,000 207,419,000 Treasury shares 0 0 Retained earnings 5,535,453,000 9,171,072,000 Other reserves (712,151,000) (1,620,653,000)

Total equity attributable to owners of parent 5,747,178,000 8,474,266,000 Non-controlling interests 293,755,000 41,002,000

Total equity 6,040,933,000 8,515,268,000

(22)

[310000] Statement of comprehensive income, profit or loss, by function of

expense

Concept Accumulated Current Year 01-01 - 2016-09-30 Accumulated Previous Year 01-01 - 2015-09-30 Quarter Current Year 07-01 - 2016-09-30 Quarter Previous Year 07-01 - 2015-09-30 Profit or loss [abstract]

Profit (loss) [abstract]

Revenue 9,868,378,000 8,711,925,000 3,424,093,000 3,184,887,000 Cost of sales 7,151,914,000 6,666,077,000 2,418,258,000 2,424,140,000 Gross profit 2,716,464,000 2,045,848,000 1,005,835,000 760,747,000 Distribution costs 0 0 0 0 Administrative expenses 1,132,537,000 1,276,213,000 405,626,000 431,243,000 Other income 0 0 0 0 Other expense 1,727,024,000 368,398,000 1,502,206,000 123,756,000 Profit (loss) from operating activities (143,097,000) 401,237,000 (901,997,000) 205,748,000 Finance income 68,575,000 87,214,000 25,925,000 23,568,000 Finance costs 2,071,003,000 1,999,103,000 809,259,000 879,764,000 Share of profit (loss) of associates and joint ventures accounted for using

equity method

15,400,000 (9,286,000) 8,801,000 (22,786,000) Profit (loss) before tax (2,130,125,000) (1,519,938,000) (1,676,530,000) (673,234,000) Tax income (expense) 864,870,000 619,467,000 229,855,000 149,772,000 Profit (loss) from continuing operations (2,994,995,000) (2,139,405,000) (1,906,385,000) (823,006,000) Profit (loss) from discontinued operations 0 0 0 0 Profit (loss) (2,994,995,000) (2,139,405,000) (1,906,385,000) (823,006,000)

Profit (loss), attributable to [abstract]

Profit (loss), attributable to owners of parent (2,975,329,000) (2,122,306,000) (1,899,857,000) (816,690,000) Profit (loss), attributable to non-controlling interests (19,666,000) (17,099,000) (6,528,000) (6,316,000) Earnings per share [text block] -0.39 -0.18 -0.39 -0.18

Earnings per share [abstract] Earnings per share [line items] Basic earnings per share [abstract]

Basic earnings (loss) per share from continuing operations (0.39) (0.22) (0.39) (0.22) Basic earnings (loss) per share from discontinued operations 0 0 0 0 Total basic earnings (loss) per share (0.39) (0.22) (0.39) (0.22)

Diluted earnings per share [abstract]

Diluted earnings (loss) per share from continuing operations (0.33) (0.18) (0.33) (0.18) Diluted earnings (loss) per share from discontinued operations 0 0 0 0 Total diluted earnings (loss) per share (0.33) (0.18) (0.33) (0.18)

(23)

[410000] Statement of comprehensive income, OCI components presented net

of tax

Concept Accumulate d Current Year 2016-01-01 - 2016-09-30 Accumulate d Previous Year 2015-01-01 - 2015-09-30 Quarter Current Year 2016-07-01 - 2016-09-30 Quarter Previous Year 2015-07-01 - 2015-09-30 Statement of comprehensive income [abstract]

Profit (loss) (2,994,995,0 00) (2,139,405,0 00) (1,906,385,0 00) (823,006,00 0)

Other comprehensive income [abstract]

Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]

Other comprehensive income, net of tax, gains (losses) from investments in equity instruments 0 0 0 0 Other comprehensive income, net of tax, gains (losses) on revaluation 0 0 0 0 Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans 0 0 0 0 Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in

credit risk of liability

0 0 0 0

Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge investments in equity instruments

0 0 0 0

Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax

0 0 0 0

Total other comprehensive income that will not be reclassified to profit or loss, net of tax 0 0 0 0

Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]

Exchange differences on translation [abstract]

Gains (losses) on exchange differences on translation, net of tax 442,303,000 568,066,000 123,557,000 249,546,000 Reclassification adjustments on exchange differences on translation, net of tax 0 0 0 0 Other comprehensive income, net of tax, exchange differences on translation 442,303,000 568,066,000 123,557,000 249,546,000

Available-for-sale financial assets [abstract]

Gains (losses) on remeasuring available-for-sale financial assets, net of tax (176,569,00 0)

(925,867,00 0)

460,781,000 (582,122,00 0) Reclassification adjustments on available-for-sale financial assets, net of tax 0 0 0 0 Other comprehensive income, net of tax, available-for-sale financial assets (176,569,00

0)

(925,867,00 0)

460,781,000 (582,122,00 0)

Cash flow hedges [abstract]

Gains (losses) on cash flow hedges, net of tax 0 0 0 0 Reclassification adjustments on cash flow hedges, net of tax 0 0 0 0 Amounts removed from equity and included in carrying amount of non-financial asset (liability) whose

acquisition or incurrence was hedged highly probable forecast transaction, net of tax

0 0 0 0

Other comprehensive income, net of tax, cash flow hedges 0 0 0 0

Hedges of net investment in foreign operations [abstract]

Gains (losses) on hedges of net investments in foreign operations, net of tax 0 0 0 0 Reclassification adjustments on hedges of net investments in foreign operations, net of tax 0 0 0 0 Other comprehensive income, net of tax, hedges of net investments in foreign operations 0 0 0 0

Change in value of time value of options [abstract]

Gains (losses) on change in value of time value of options, net of tax 0 0 0 0 Reclassification adjustments on change in value of time value of options, net of tax 0 0 0 0 Other comprehensive income, net of tax, change in value of time value of options 0 0 0 0

Change in value of forward elements of forward contracts [abstract]

Gains (losses) on change in value of forward elements of forward contracts, net of tax 0 0 0 0 Reclassification adjustments on change in value of forward elements of forward contracts, net of tax 0 0 0 0 Other comprehensive income, net of tax, change in value of forward elements of forward contracts 0 0 0 0

(24)

Concept Accumulate d Current Year 2016-01-01 - 2016-09-30 Accumulate d Previous Year 2015-01-01 - 2015-09-30 Quarter Current Year 2016-07-01 - 2016-09-30 Quarter Previous Year 2015-07-01 - 2015-09-30

Gains (losses) on change in value of foreign currency basis spreads, net of tax 0 0 0 0 Reclassification adjustments on change in value of foreign currency basis spreads, net of tax 0 0 0 0 Other comprehensive income, net of tax, change in value of foreign currency basis spreads 0 0 0 0 Share of other comprehensive income of associates and joint ventures accounted for using equity method

that will be reclassified to profit or loss, net of tax

0 0 0 0

Total other comprehensive income that will be reclassified to profit or loss, net of tax 265,734,000 (357,801,00 0)

584,338,000 (332,576,00 0) Total other comprehensive income 265,734,000 (357,801,00

0)

584,338,000 (332,576,00 0) Total comprehensive income (2,729,261,0

00) (2,497,206,0 00) (1,322,047,0 00) (1,155,582,0 00)

Comprehensive income attributable to [abstract]

Comprehensive income, attributable to owners of parent (2,709,595,0 00) (2,480,107,0 00) (1,315,519,0 00) (1,149,266,0 00) Comprehensive income, attributable to non-controlling interests (19,666,000) (17,099,000) (6,528,000) (6,316,000)

(25)

[520000] Statement of cash flows, indirect method

Concept Accumulated Current Year 01-01 - 2016-09-30 Accumulated Previous Year 01-01 - 2015-09-30 Statement of cash flows [abstract]

Cash flows from (used in) operating activities [abstract]

Profit (loss) (2,994,995,000) (2,139,405,000)

Adjustments to reconcile profit (loss) [abstract]

Discontinued operations 0 0

Adjustments for income tax expense 864,870,000 619,467,000 Adjustments for finance costs 1,051,083,000 927,667,000 Adjustments for depreciation and amortisation expense 627,791,000 543,347,000 Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss 1,376,526,000 0 Adjustments for provisions 261,038,000 98,675,000 Adjustments for unrealised foreign exchange losses (gains) 661,653,000 1,116,151,000

Adjustments for share-based payments 0 0

Adjustments for fair value losses (gains) 0 0

Adjustments for undistributed profits of associates 0 0 Adjustments for losses (gains) on disposal of non-current assets 0 0 Participation in associates and joint ventures (15,400,000) 9,286,000 Adjustments for decrease (increase) in inventories (207,001,000) (813,980,000) Adjustments for decrease (increase) in trade accounts receivable (1,503,663,000) (691,909,000) Adjustments for decrease (increase) in other operating receivables (267,193,000) (462,639,000) Adjustments for increase (decrease) in trade accounts payable 2,019,955,000 1,188,003,000 Adjustments for increase (decrease) in other operating payables 773,055,000 1,373,945,000 Other adjustments for non-cash items (162,684,000) 72,516,000 Other adjustments for which cash effects are investing or financing cash flow 0 0

Straight-line rent adjustment 0 0

Amortization of lease fees 0 0

Setting property values 0 0

Other adjustments to reconcile profit (loss) 0 0 Total adjustments to reconcile profit (loss) 5,480,030,000 3,980,529,000 Net cash flows from (used in) operations 2,485,035,000 1,841,124,000

Dividends paid 0 0

Dividends received 0 0

Interest paid 0 0

Interest received 0 0

Income taxes refund (paid) 492,975,000 600,956,000

Other inflows (outflows) of cash 0 0

Net cash flows from (used in) operating activities 1,992,060,000 1,240,168,000

Cash flows from (used in) investing activities [abstract]

Cash flows from losing control of subsidiaries or other businesses 0 0 Cash flows used in obtaining control of subsidiaries or other businesses 0 0 Other cash receipts from sales of equity or debt instruments of other entities 0 0 Other cash payments to acquire equity or debt instruments of other entities 0 0 Other cash receipts from sales of interests in joint ventures 193,555,000 16,316,000 Other cash payments to acquire interests in joint ventures 0 0 Proceeds from sales of property, plant and equipment 46,392,000 67,941,000 Purchase of property, plant and equipment 346,519,000 717,621,000

Proceeds from sales of intangible assets 0 0

Purchase of intangible assets 115,985,000 870,989,000 Proceeds from sales of other long-term assets 0 0

(26)

Concept Accumulated Current Year 01-01 - 2016-09-30 Accumulated Previous Year 01-01 - 2015-09-30

Purchase of other long-term assets 0 0

Proceeds from government grants 0 0

Cash advances and loans made to other parties 0 0 Cash receipts from repayment of advances and loans made to other parties 0 0 Cash payments for future contracts, forward contracts, option contracts and swap contracts 0 0 Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0 0

Dividends received 0 0

Interest paid 0 0

Interest received 0 0

Income taxes refund (paid) 0 0

Other inflows (outflows) of cash 0 576,918,000

Net cash flows from (used in) investing activities (222,557,000) (927,435,000)

Cash flows from (used in) financing activities [abstract]

Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control 272,419,000 0 Payments from changes in ownership interests in subsidiaries that do not result in loss of control 0 0

Proceeds from issuing shares 0 0

Proceeds from issuing other equity instruments 0 0 Payments to acquire or redeem entity's shares 0 0

Payments of other equity instruments 0 0

Proceeds from borrowings 0 0

Repayments of borrowings 0 1,205,790,000

Payments of finance lease liabilities 0 0

Proceeds from government grants 0 0

Dividends paid 17,306,000 17,268,000

Interest paid 1,126,543,000 987,337,000

Income taxes refund (paid) 0 0

Other inflows (outflows) of cash (187,000) (6,163,000) Net cash flows from (used in) financing activities (871,617,000) (2,216,558,000) Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 897,886,000 (1,903,825,000)

Effect of exchange rate changes on cash and cash equivalents [abstract]

Effect of exchange rate changes on cash and cash equivalents 0 0 Net increase (decrease) in cash and cash equivalents 897,886,000 (1,903,825,000) Cash and cash equivalents at beginning of period 2,938,417,000 5,529,137,000 Cash and cash equivalents at end of period 3,836,303,000 3,625,312,000

(27)

[610000] Statement of changes in equity - Accumulated Current

Components of equity [axis] Sheet 1 of 3 Issued capital

[member] Share premium [member] Treasury shares [member] Retained earnings [member] Revaluation surplus [member] Reserve of exchange differences on translation [member] Reserve of cash flow hedges [member] Reserve of gains and losses on hedging instruments that hedge investments in equity instruments [member]

Reserve of change in value of time value of options [member]

Statement of changes in equity [line items]

Equity at beginning of period 716,428,000 207,419,000 0 9,171,072,000 0 621,567,000 0 0 0

Changes in equity [abstract] Comprehensive income [abstract]

Profit (loss) 0 0 0 (2,975,329,000) 0 0 0 0 0

Other comprehensive income 0 0 0 0 0 442,303,000 0 0 0

Total comprehensive income 0 0 0 (2,975,329,000) 0 442,303,000 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 17,306,000 0 0 0 0 0

Increase through other contributions by owners, equity 0 0 0 0 0 0 0 0 0

Decrease through other distributions to owners, equity 0 0 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 (642,768,000) 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 29,000 0 0 (216,000) 0 0 0 0 0

Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity

0 0 0 0 0 0 0 0 0

Increase (decrease) through share-based payment transactions, equity 0 0 0 0 0 0 0 0 0

Amount removed from reserve of cash flow hedges and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Amount removed from reserve of change in value of time value of options and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Amount removed from reserve of change in value of forward elements of forward contracts and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Amount removed from reserve of change in value of foreign currency basis spreads and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Total increase (decrease) in equity 29,000 0 0 (3,635,619,000) 0 442,303,000 0 0 0

(28)

Components of equity [axis] Sheet 2 of 3 Reserve of change in

value of forward elements of forward contracts [member] Reserve of change in value of foreign currency basis spreads [member]

Reserve of gains and losses on remeasuring available-for-sale financial assets [member] Reserve of share-based payments [member] Reserve of remeasurements of defined benefit plans

[member] Amount recognised in other comprehensive income and accumulated in equity relating to non-current assets or disposal groups held for sale

[member]

Reserve of gains and losses from investments in equity instruments [member]

Reserve of change in fair value of financial liability attributable to change in credit risk of liability [member]

Reserve for catastrophe [member]

Equity at beginning of period 0 0 (2,242,220,000) 0 0 0 0 0 0

Profit (loss) 0 0 0 0 0 0 0 0 0

Other comprehensive income 0 0 (176,569,000) 0 0 0 0 0 0

Total comprehensive income 0 0 (176,569,000) 0 0 0 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 642,768,000 0 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

(29)

Components of equity [axis] Sheet 3 of 3 Reserve for

equalisation [member] Reserve of discretionary participation features [member] Other comprehensive income [member] Other reserves [member] Equity attributable to owners of parent [member] Non-controlling interests [member] Equity [member]

Equity at beginning of period 0 0 0 (1,620,653,000) 8,474,266,000 41,002,000 8,515,268,000

Profit (loss) 0 0 0 0 (2,975,329,000) (19,666,000) (2,994,995,000)

Other comprehensive income 0 0 0 265,734,000 265,734,000 0 265,734,000

Total comprehensive income 0 0 0 265,734,000 (2,709,595,000) (19,666,000) (2,729,261,000)

Issue of equity 0 0 0 0 0 272,419,000 272,419,000

Dividends recognised as distributions to owners 0 0 0 0 17,306,000 0 17,306,000

Increase through other contributions by owners, equity 0 0 0 0 0 0 0

Decrease through other distributions to owners, equity 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 642,768,000 0 0 0

Increase (decrease) through treasury share transactions, equity 0 0 0 0 (187,000) 0 (187,000)

0 0 0 0 0 0 0

Increase (decrease) through share-based payment transactions, equity 0 0 0 0 0 0 0

0 0 0 0 0 0 0

Total increase (decrease) in equity 0 0 0 908,502,000 (2,727,088,000) 252,753,000 (2,474,335,000)

(30)

[610000] Statement of changes in equity - Accumulated Previous

Components of equity [axis] Sheet 1 of 3 Issued capital

[member] Share premium [member] Treasury shares [member] Retained earnings [member] Revaluation surplus [member] Reserve of exchange differences on translation [member] Reserve of cash flow hedges [member] Reserve of gains and losses on hedging instruments that hedge investments in equity instruments [member]

Reserve of change in value of time value of options [member]

Equity at beginning of period 715,344,000 207,419,000 0 11,756,948,000 0 (46,326,000) 0 0 0

Profit (loss) 0 0 0 (2,122,306,000) 0 0 0 0 0

Other comprehensive income 0 0 0 0 0 568,066,000 0 0 0

Total comprehensive income 0 0 0 (2,122,306,000) 0 568,066,000 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 17,268,000 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 51,152,000 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity (369,000) 0 0 (5,793,000) 0 0 0 0 0

0 0 0 0 0 0 0 0 0

(31)

Components of equity [axis] Sheet 2 of 3 Reserve of change in

value of forward elements of forward contracts [member] Reserve of change in value of foreign currency basis spreads [member]

Reserve of gains and losses on remeasuring available-for-sale financial assets [member] Reserve of share-based payments [member] Reserve of remeasurements of defined benefit plans

[member] Amount recognised in other comprehensive income and accumulated in equity relating to non-current assets or disposal groups held for sale

[member]

Reserve of gains and losses from investments in equity instruments [member]

Reserve of change in fair value of financial liability attributable to change in credit risk of liability [member]

Reserve for catastrophe [member]

Equity at beginning of period 0 0 (537,722,000) 0 0 0 0 0 0

Profit (loss) 0 0 0 0 0 0 0 0 0

Other comprehensive income 0 0 (925,867,000) 0 0 0 0 0 0

Total comprehensive income 0 0 (925,867,000) 0 0 0 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 (51,152,000) 0 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

Total increase (decrease) in equity 0 0 (977,019,000) 0 0 0 0 0 0

(32)

Components of equity [axis] Sheet 3 of 3 Reserve for

equalisation [member] Reserve of discretionary participation features [member] Other comprehensive income [member] Other reserves [member] Equity attributable to owners of parent [member] Non-controlling interests [member] Equity [member]

Equity at beginning of period 0 0 0 (584,048,000) 12,095,663,000 54,809,000 12,150,472,000

Profit (loss) 0 0 0 0 (2,122,306,000) (17,099,000) (2,139,405,000)

Other comprehensive income 0 0 0 (357,801,000) (357,801,000) 0 (357,801,000)

Total comprehensive income 0 0 0 (357,801,000) (2,480,107,000) (17,099,000) (2,497,206,000)

Issue of equity 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 0 17,268,000 0 17,268,000

Increase through other contributions by owners, equity 0 0 0 0 0 0 0

Decrease through other distributions to owners, equity 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 (51,152,000) 0 0 0

Increase (decrease) through treasury share transactions, equity 0 0 0 0 (6,162,000) 0 (6,162,000)

0 0 0 0 0 0 0

Increase (decrease) through share-based payment transactions, equity 0 0 0 0 0 0 0

0 0 0 0 0 0 0

(33)

[700000] Informative data about the Statement of financial position

Concept Close Current

Quarter 2016-09-30

Close Previous Exercise 2015-12-31 Informative data of the Statement of Financial Position [abstract]

Capital stock (nominal) 655,913,000 655,884,000

Restatement of capital stock 0 0

Plan assets for pensions and seniority premiums 0 0

Number of executives 647 713 Number of employees 1,606 2,079 Number of workers 1,341 1,396 Outstanding shares 8,975,843,358 8,967,085,380 Repurchased shares 0 0 Restricted cash 0 0

(34)

[700002] Informative data about the Income statement

Concept Accumulated Current Year 01-01 - 2016-09-30 Accumulated Previous Year 01-01 - 2015-09-30 Quarter Current Year 07-01 - 2016-09-30 Quarter Previous Year 07-01 - 2015-09-30 Informative data of the Income Statement [abstract]

(35)

[700003] Informative data - Income statement for 12 months

Concept Current Year

2015-10-01 - 2016-09-30

Previous Year 2014-10-01 -

2015-09-30 Informative data - Income Statement for 12 months [abstract]

Revenue 14,015,940,000 12,562,008,000

Profit (loss) from operating activities 51,467,000 1,396,223,000

Profit (loss) (3,503,195,000) (1,966,386,000)

Profit (loss), attributable to owners of parent (3,486,824,000) (1,952,072,000) Operating depreciation and amortization 994,689,000 713,534,000

(36)

[800001] Breakdown of credits

Institution [axis] Foreign institution (yes/no) Contract signing date Expiration date Interest rate Denomination [axis]

Domestic currency [member] Foreign currency [member]

Time interval [axis] Time interval [axis]

Current year [member] Until 1 year [member] Until 2 years [member] Until 3 years [member] Until 4 years [member]

Until 5 years or more [member] Current year [member] Until 1 year [member] Until 2 years [member] Until 3 years [member] Until 4 years [member]

Until 5 years or more [member] Banks [abstract] Foreign trade TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0 Banks - secured TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0 Commercial banks TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0 Other banks TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0 Total banks TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0

Stock market [abstract]

Listed on stock exchange - unsecured

MEDIUM TERM NOTE 1 SI 2011-05-25 2018-05-25 7.5 0 5,789,271,000 0

MEDIUM TERM NOTE 2 SI 2013-09-19 2020-09-18 7.63 9,576,043,000 0

TOTAL NO 0 0 0 0 0 0 0 0 5,789,271,000 0 9,576,043,000 0

Listed on stock exchange - secured

TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0

Private placements - unsecured

TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0

Private placements - secured

TOTAL NO 0 0 0 0 0 0 0 0 0 0 0 0

Total listed on stock exchanges and private placements

TOTAL NO 0 0 0 0 0 0 0 0 5,789,271,000 0 9,576,043,000 0

Other current and non-current liabilities with cost [abstract] Other current and non-current liabilities with cost

(37)

Institution [axis] Foreign institution (yes/no) Contract signing date Expiration date Interest rate Denomination [axis]

Domestic currency [member] Foreign currency [member]

Time interval [axis] Time interval [axis]

Current year [member] Until 1 year [member] Until 2 years [member] Until 3 years [member] Until 4 years [member]

Until 5 years or more [member] Current year [member] Until 1 year [member] Until 2 years [member] Until 3 years [member] Until 4 years [member]

Until 5 years or more [member]

(38)

[800003] Annex - Monetary foreign currency position

Currencies [axis] Dollars [member] Dollar equivalent in

pesos [member] Other currencies equivalent in dollars [member] Other currencies equivalent in pesos [member] Total pesos [member] Foreign currency position [abstract]

Monetary assets [abstract]

Current monetary assets 183,568,000 3,557,107,000 0 0 3,557,107,000

Non-current monetary assets 0 0 0 0 0

Total monetary assets 183,568,000 3,557,107,000 0 0 3,557,107,000

Liabilities position [abstract]

Current liabilities 35,892,000 695,485,000 0 0 695,485,000 Non-current liabilities 884,693,000 17,143,245,000 0 0 17,143,245,000 Total liabilities 920,585,000 17,838,730,000 0 0 17,838,730,000 Net monetary assets (liabilities) (737,017,000) (14,281,623,000) 0 0 (14,281,623,000)